Blog
Press Round-Up: Regulatory and Professional Discipline – May 2026
Jack Garden
29 April 2015
Deutsche Bank £227m fine highlights the risks of signing attestations - for individuals and financial institutions
The Final notice published on 23 April 2015 contained many twists and turns to distinguish why Deutsche Bank has been subject to the highest fine ever issued by the Financial Conduct Authority (FCA) or its predecessor (the Financial Services Authority (FSA)). The £227million fine in the UK is part of a $2.5 billion penalty to settle the case globally. In addition the settlement included an agreement to dismiss seven employees.
27 March 2015
FCA targets financial crime in new business plan
The FCA has published its 2015/16 business plan, a weighty document setting out its strategy and priorities for the next 12 months...
6 March 2015
The DOJ and CFTC dig deeper in precious metals market investigation
It has recently been reported that 10 Banks are under investigation by the US Justice Department (“DOJ”) and CFTC for irregularities and potential price fixing in the precious metals market, comprising the gold, silver, platinum and palladium markets. The London Gold Fix, an almost century old benchmark, fixed twice a day by 4 banks in London first came under the microscope in 2012 following investigations into the Libor and FX market manipulation scandals.
5 March 2015
Banking Regulation: Senior Managers and Certification Regime – timetable announced plus extension to include UK branches of foreign institutions
A written statement by the Economic Secretary on 3 March 2015 announced the timetable for the introduction of the Senior Managers and Certification Regime (SM&CR) under the Financial Services (Banking Reform) Act 2013. The Government also announced that following a period of consultation it had decided to extend the SM&CR to UK branches of foreign institutions.
24 February 2015
Senior Managers Regime: Tougher regulation of senior bankers and non-executive directors (NEDs) confirmed
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published a paper 24 February 2015 entitled “Approach to non-executive directors in banking and Solvency II firms & Application of the presumption of responsibility to Senior Managers in banking firms” (referred to here as “the New Consultation”).